12,764 Shares in Helen of Troy Limited $HELE Acquired by Counterpoint Mutual Funds LLC

Key Points

• Counterpoint Mutual Funds LLC acquired 12,764 shares of Helen of Troy Limited, valued at approximately $362,000, during the 2nd quarter, increasing their stake to 0.06% of the company.
• Several institutional investors have made significant moves in Helen of Troy, with Armistice Capital LLC acquiring a new position valued at $19.8 million in Q1, while Jacobs Levy Equity Management Inc. boosted its stake by an impressive 1,985.6%.
• Helen of Troy reported an EPS of $0.41 for the last quarter, missing analysts' estimates of $0.91, with revenue down 10.8% year-over-year.

Counterpoint Mutual Funds LLC acquired a new stake in Helen of Troy Limited (NASDAQ:HELE - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 12,764 shares of the company's stock, valued at approximately $362,000. Counterpoint Mutual Funds LLC owned 0.06% of Helen of Troy at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Armistice Capital LLC acquired a new position in shares of Helen of Troy in the 1st quarter valued at $19,845,000. Jacobs Levy Equity Management Inc. lifted its stake in Helen of Troy by 1,985.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 332,708 shares of the company's stock valued at $17,797,000 after buying an additional 316,755 shares during the period. Millennium Management LLC acquired a new position in Helen of Troy in the first quarter valued at about $14,013,000. Federated Hermes Inc. boosted its holdings in Helen of Troy by 3,325.3% during the first quarter. Federated Hermes Inc. now owns 185,616 shares of the company's stock worth $9,929,000 after buying an additional 180,197 shares during the last quarter. Finally, Landscape Capital Management L.L.C. acquired a new position in shares of Helen of Troy during the 1st quarter worth about $6,976,000.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on HELE shares. UBS Group cut their price target on shares of Helen of Troy from $32.00 to $29.00 and set a "neutral" rating on the stock in a research report on Friday, July 11th. Canaccord Genuity Group reiterated a "hold" rating and issued a $26.00 target price (down from $47.00) on shares of Helen of Troy in a report on Friday, July 11th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $44.33.

Insider Buying and Selling

In related news, CFO Tracy Scheuerman purchased 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 15th. The shares were acquired at an average price of $20.13 per share, for a total transaction of $201,300.00. Following the purchase, the chief financial officer owned 33,041 shares in the company, valued at approximately $665,115.33. This represents a 43.40% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Brian Grass acquired 10,000 shares of the business's stock in a transaction on Tuesday, July 15th. The shares were bought at an average price of $21.47 per share, with a total value of $214,700.00. Following the completion of the transaction, the chief executive officer directly owned 135,932 shares of the company's stock, valued at approximately $2,918,460.04. The trade was a 7.94% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 20,435 shares of company stock worth $425,948 over the last three months. 0.45% of the stock is owned by insiders.

Helen of Troy Trading Up 0.4%

Shares of Helen of Troy stock opened at $22.38 on Wednesday. The stock has a market cap of $513.40 million, a P/E ratio of -1.54 and a beta of 0.84. The company has a quick ratio of 0.74, a current ratio of 1.70 and a debt-to-equity ratio of 0.69. Helen of Troy Limited has a 12-month low of $20.02 and a 12-month high of $77.95. The business's 50 day moving average is $23.47 and its 200-day moving average is $30.50.

Helen of Troy (NASDAQ:HELE - Get Free Report) last announced its quarterly earnings results on Thursday, July 10th. The company reported $0.41 EPS for the quarter, missing analysts' consensus estimates of $0.91 by ($0.50). The firm had revenue of $371.66 million during the quarter, compared to analyst estimates of $400.69 million. Helen of Troy had a negative net margin of 17.89% and a positive return on equity of 8.96%. The business's revenue was down 10.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.99 EPS. Equities research analysts predict that Helen of Troy Limited will post 6.46 earnings per share for the current fiscal year.

Helen of Troy Profile

Helen of Troy Limited provides various consumer products in the United States, Canada, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates in two segments: Home & Outdoor and Beauty & Wellness. The Home & Outdoor segment offers food storage containers, kitchen utensils for cooking and preparing salads, fruits, vegetables and meats, graters, slicers and choppers, baking essentials, kitchen organization, bath, cleaning, infant and toddler products, and coffee preparation tools and electronics; and insulated beverageware, including bottles, travel tumblers, drinkware, mugs, food and lunch containers, insulated totes, soft coolers, outdoor kitchenware, and accessories.

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